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Walt Disney shares rose after an investor day presentation that was praised and sought after by several leading Wall Street analysts.
The entertainment giant’s shares rose 8% in pre-market trading shortly after Thursday’s investor presentation that saw Disney launch new streaming subscriber numbers and content for the next several years and announce a price hike for Disney +.
Needham analyst Lauren Martin, a leading Wall Street researcher in the internet and media, said in a customer announcement that Disney has already surpassed Netflix as the leader in video streaming.